What are the dangers inside cryptocurrency investing - page 4.

DabsPoorVersion

sr. member

Activity: 1260

Merit: 315

www.Artemis.co

Quote from: Blackdeath on October 11, 2019, 06:53:56 AM

Quote from: ppblockchain on September 26, 2019, 05:59:00 AM

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!”

First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments.

Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/

We can't deny the fact that investing in crypto currency can easily kill all the money on your pocket, but if you invest it can also double up your money and have a stable and better future. You should invest on bitcoin though the volatility of bitcoin has a negative effect but of course it has an advantages.

Its very risky to the point that it will give you stress everytime you see its price dropping. Investing in crypto is different from investing in other type of investment. You should invest what you can take to lose. Investing everything you had will only give you a huge problem where you will only lead to panic selling when the price of your crypto investment drops even further.

Blackdeath

sr. member

Activity: 910

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: ppblockchain on September 26, 2019, 05:59:00 AM

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!”

First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments.

Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/

We can't deny the fact that investing in crypto currency can easily kill all the money on your pocket, but if you invest it can also double up your money and have a stable and better future. You should invest on bitcoin though the volatility of bitcoin has a negative effect but of course it has an advantages.

DaftAjax

sr. member

Activity: 532

Merit: 284

Quote from: kayvie on October 11, 2019, 02:38:08 AM

Quote from: AicecreaME on October 11, 2019, 02:34:46 AM

Quote from: Bitcoin Seller on October 10, 2019, 03:31:50 PM

Quote from: BennyK on October 07, 2019, 10:08:14 PM

~snip

In every investment, there is a risk. It is indeed that for how many years we are into crypto, we already made a profit by investing in it. But there is no guarantee that every investment, there will be a profit. Most of the time you will lose patience and that is the reason why most of the investors lost half of their investment. Without facing the risk, you won't gain anything. You will just lose the opportunity to earn profit out of your investment.

Actually not only in crypto, but we've been like that for so many years, decade, century. Investment is probably one of the major things that shaped the civilization of mankind. And now, it is still being used.

Not necessarily, with careful planning, experience an investment has a very high chance of guaranteeing a successful investment. Maybe not half of it instantly, but nicks of it, and eventually out of desperation, careless decisions you would lose even all of your investment.

kayvie

sr. member

Activity: 1022

Merit: 257

Quote from: AicecreaME on October 11, 2019, 02:34:46 AM

Quote from: Bitcoin Seller on October 10, 2019, 03:31:50 PM

Quote from: BennyK on October 07, 2019, 10:08:14 PM

One of the biggest risk in cryptocurrency investment is to invest blindly, thus to invest without having adequate knowledge on the coin or project. This is what has led many investors to run at losses because they end up joining a scam project. It is always advisable to read and study about the project or the coin very well before investing in them.

No one can guarantee the success and durability of cryptocurrencies. On the one hand, they are accepted on a par with fiat money, and on the other, they are not subject to any control. They are not material, like the dollar or the Euro, but there is the prospect that soon they can be withdrawn through an ATM and put in your pocket, like ordinary money. However, so far they exist only in virtual form and are used much less often than fiat currencies. There is no guarantee that rapid growth at some point will not result in an equally rapid decline.

After so many years that cryptocurrency provided us profits, you can guarantee for yourself that it is going to be successful and also you are, we are the only one who can guarantee that and not the decision of others. Others might say something negative about it but it is their opinion, however it is not always right, they are saying negative mostly because they think the Government says it, something like that.

Dangers are everywhere, not just on cryptocurrency but also in fiat, people don't see that because that is what they've been using for ages, the point is risk will became an opportunity to make money if we are going to use to it.

In every investment, there is a risk. It is indeed that for how many years we are into crypto, we already made a profit by investing in it. But there is no guarantee that every investment, there will be a profit. Most of the time you will lose patience and that is the reason why most of the investors lost half of their investment. Without facing the risk, you won't gain anything. You will just lose the opportunity to earn profit out of your investment.

AicecreaME

sr. member

Activity: 2436

Merit: 455

Quote from: Bitcoin Seller on October 10, 2019, 03:31:50 PM

Quote from: BennyK on October 07, 2019, 10:08:14 PM

One of the biggest risk in cryptocurrency investment is to invest blindly, thus to invest without having adequate knowledge on the coin or project. This is what has led many investors to run at losses because they end up joining a scam project. It is always advisable to read and study about the project or the coin very well before investing in them.

No one can guarantee the success and durability of cryptocurrencies. On the one hand, they are accepted on a par with fiat money, and on the other, they are not subject to any control. They are not material, like the dollar or the Euro, but there is the prospect that soon they can be withdrawn through an ATM and put in your pocket, like ordinary money. However, so far they exist only in virtual form and are used much less often than fiat currencies. There is no guarantee that rapid growth at some point will not result in an equally rapid decline.

After so many years that cryptocurrency provided us profits, you can guarantee for yourself that it is going to be successful and also you are, we are the only one who can guarantee that and not the decision of others. Others might say something negative about it but it is their opinion, however it is not always right, they are saying negative mostly because they think the Government says it, something like that.

Dangers are everywhere, not just on cryptocurrency but also in fiat, people don't see that because that is what they've been using for ages, the point is risk will became an opportunity to make money if we are going to use to it.

skarais

legendary

Activity: 2464

Merit: 2094

Quote from: Murat on October 11, 2019, 01:35:57 AM

~skip~ and the most horrible side of this platform is volatile of its price, I hope it will be fixed in the future.

I agree with you, high volatility is very scary for every trader. But is there a way to fix it in the future?
It seems very difficult, because a sharp increase and a sharp decline is the desire of traders. But I believe, this high volatility is caused by a group of people who are behind the platform and this is what is commonly called the crypto whale.

Bitshorts

newbie

Activity: 1

Merit: 0

Investing in cryptocurrency first, you need to understand each and everything about cryptocurrency, need to be updated with the latest news on cryptocurrency and for this, you must be stay connected with genuine crypto news platform that provides you news regarding cryptocurrency fast and in an easy way. stay updated changes in the price of the cryptocurrency. Bitshorts is a best app for all latest crypto news updates

Murat

hero member

Activity: 2156

Merit: 711

Telegram @tokensfund

When you intend to invest or trade in a platform then must have to know every ins and outs of this platform, many people lost their total investment by Scam and fake ICO but this responsibility only not goes to the ICO agent but also those investors who did it without getting proper knowledge and information regarding this platform, I think there is a lot of dangers things within this system one of the major danger things is not having any regulation process, I think if there was a set of regulation then people didn't lose their investment, another dangerous thing is that no back up system, if you lose your private key and address then you lose your whole thing which is never getting back, and the most horrible side of this platform is volatile of its price, I hope it will be fixed in the future.

DaftAjax

sr. member

Activity: 532

Merit: 284

Quote from: Bitcoin Seller on October 10, 2019, 03:31:50 PM

No one can guarantee the success and durability of cryptocurrencies. On the one hand, they are accepted on a par with fiat money, and on the other, they are not subject to any control. They are not material, like the dollar or the Euro, but there is the prospect that soon they can be withdrawn through an ATM and put in your pocket, like ordinary money. However, so far they exist only in virtual form and are used much less often than fiat currencies. There is no guarantee that rapid growth at some point will not result in an equally rapid decline.

There'll be no "success" but only "progression"; there'll be no "durability" as it is a digital object (intangible).

It will never be par with fiat. You have to understand that Bitcoin is not money but an asset like Gold, Silver. Cryptocurrencies would stay that way, as a digital currency, and will not have a physical form. Adoption of Bitcoin is never going to be easy. The fact that it's volatile is already a bad thing for a regular person, but exceptions to traders/investors because they have the knowledge in this platform, so volatility can be used as an advantage as well.

Quote from: Yamifoud on October 10, 2019, 08:36:41 AM

We know the reason why we're doing this (investment), not the way we have to lose but for the reason to make money. If our mind is full of negative, it surely we will go nowhere. No, I don't think that all altcoins will have a zero market value int the future, only it happens to those altcoins that are buried dead already.
We better not look crypto as a dangerous kind of investment but rather to think that this is a great opportunity for everyone who wants to become profitable.

Exactly. I mean, why would you even invest in the first place if you don't want to make money.

You have good intentions, but filling too much positivity is also a bad thing. It could lead you to disappointment, it could even affect you psychologically. So, what I'm saying is that it's not always a bad thing to think about the consequences as well.

Altcoins that are buried dead already are the ones that are overly hype and had really bad planning.

Shasha80

sr. member

Activity: 1876

Merit: 318

What must be emphasized about cryptocurrency investing is that it is a high-risk activity because cryptocurrency is very high volatility.
So it is highly recommended to use money that does not matter if lost, do not use money for daily life moreover money from loans. If you
ask me what are the dangers in cryptocurrency investing is the price fluctuating, there is the possibility of losing the private key and potentially
becoming illegal. Therefore in investing cryptocurrency must think carefully, do not rush in making decisions and most importantly must be patient.

kayvie

sr. member

Activity: 1022

Merit: 257

Quote from: Kyraishi on October 10, 2019, 10:21:36 PM

Quote from: ?? on ??

Many of people who invest in crypto by relying on their savings for years and eventually lost, there are even those who invest with money from loans from banks and there is no return and they lose. That's all because it is caused by FOMO which is based without sufficient knowledge in investing in the crypto business. Eventually they are poor because they have to sell their house or their car to pay off their debt to the bank because of a fruitless investment. That's the danger if you go along with FOMO and don't want to learn much about crypto

I think during that period where a lot of investors from different industries entered the crypto-currency world, we saw a lot of people make life changing mistakes like.

- Using financing or a loan to invest in very unstable investments (like BTC)
- Not doing enough research and consuming crypto news like most regular investors will.
- Overinvesting and putting too much money in a certain crypto-currency.

The top mistake that has been made by some investors is that they take a loan to invest in btc, they don't think of the risk that they are facing. Investing should be done if you could invest a certain amount of money which you can take to lose. Investing is not about investing a high amount of money to have a big profit, you should be wise even if you have a small amount of investment, you can make money out of it.

pankajgupta

newbie

Activity: 15

Merit: 0

Everything has good or bad. Cryptocurrency has too. I think Investing in cryptocurrency by taking loan or using your earnings is not good way to earn cryptocurrency. Because you may lose all of your money or anything can happen to your account and you will not be able to access your money.
What you can do is, you can do some extra small works and get paid through bitcoin. It neither affects your's earning and neither you have to take a loan. It is just your extra income

Kyraishi

hero member

Activity: 952

Merit: 513

Quote from: ?? on ??

Many of people who invest in crypto by relying on their savings for years and eventually lost, there are even those who invest with money from loans from banks and there is no return and they lose. That's all because it is caused by FOMO which is based without sufficient knowledge in investing in the crypto business. Eventually they are poor because they have to sell their house or their car to pay off their debt to the bank because of a fruitless investment. That's the danger if you go along with FOMO and don't want to learn much about crypto

I think during that period where a lot of investors from different industries entered the crypto-currency world, we saw a lot of people make life changing mistakes like.

- Using financing or a loan to invest in very unstable investments (like BTC)
- Not doing enough research and consuming crypto news like most regular investors will.
- Overinvesting and putting too much money in a certain crypto-currency.

yurekaa

sr. member

Activity: 574

Merit: 250

danger when we invest in crypto because of following friends and relatives. we must study seriously about the crypto and crypto market before investing. understand which market and coin movements are potential and must also have good predictions. then invest, and invest as much as you can afford to lose. every investment always has a risk and we must dare to bear it. profits and losses are common in investing in crypto. make all of it a valuable lesson.

Xxmodded

sr. member

Activity: 2296

Merit: 315

SOL.BIOKRIPT.COM

Dangers side of investing with cryptocurrency is faced with big risk with price, where some time our investment coin have higher price but just one day our coin asset can be on lower price, if you know how situation with bitcoin or altcoin you will take profit soon as possible and re investing after price back to lower.

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: ppblockchain on September 26, 2019, 05:59:00 AM

What are the dangers inside cryptocurrency investing

Only one, investing more than you can realistically loose.
Some invested and lost $800 000. Loosing that much for some is life changing event. For others its pocket money since they have bankroll ( Wink

) of $8 000 000. Loosing 10% of savings is never nice, but not life changing event.
Biggest problem is greed to that. Don't be greedy, think twice and secure your funds. Too much people loosing BTC because of lack of security knowledge.

Kyraishi

hero member

Activity: 952

Merit: 513

Quote from: ?? on ??

One of the biggest danger is losing the community support. If people lose hope for bitcoin, nothing can make it become successful again. We need believers and helpers for the community and constantly increasing innovative movements. Bitcoin can't stop developing otherwise we go back.

That's a pretty good point, people do sometimes lose hope of a coin and will no longer end up supporting it, and when a coin has no support behind it, it's basically dead and the chat rooms and low price will definetly showcase this.

It will be interesting to see what happens to coins like these in the future, but luckily for reputable and top crypto-currencies, it's an issue we don't need to worry about - one of the main factors why I do not invest in new altcoins.

crossabdd

legendary

Activity: 1316

Merit: 1145

yeepp, that's right. don't invest in crypto using your real assets or your pocket money. when you have money that you think is more. then use half of it for investment in crypto. however, crypto investment is not easy. especially if you don't understand how to invest. nowadays many scammers make investment web just to take your funds. then close the web. it's very dangerous. the best investment is to buy a number of crypto (Bitcoin, ETHEREUM, etc. (top 10 crypto)) and store it in your wallet. sell when the price has been pumped.

Bitcoin Seller

full member

Activity: 567

Merit: 148

Quote from: BennyK on October 07, 2019, 10:08:14 PM

One of the biggest risk in cryptocurrency investment is to invest blindly, thus to invest without having adequate knowledge on the coin or project. This is what has led many investors to run at losses because they end up joining a scam project. It is always advisable to read and study about the project or the coin very well before investing in them.

No one can guarantee the success and durability of cryptocurrencies. On the one hand, they are accepted on a par with fiat money, and on the other, they are not subject to any control. They are not material, like the dollar or the Euro, but there is the prospect that soon they can be withdrawn through an ATM and put in your pocket, like ordinary money. However, so far they exist only in virtual form and are used much less often than fiat currencies. There is no guarantee that rapid growth at some point will not result in an equally rapid decline.

Yamifoud

hero member

Activity: 2828

Merit: 518

DGbet.fun - Crypto Sportsbook

Quote from: blckhawk on October 07, 2019, 10:29:00 PM

Investments made to cryptocurrency should only be your extra money. You should always consider having backup money for emergencies. But if you have more to spare, you could start with bitcoin since you less the risk of altcoin going to zero. That's the main danger, since it's too volatile, you could lose a lot of money easily. That's why once you invest, you should be willing to lose that money in the first place. But if the price goes up, then that's a good start for you. Don't ever take loans for investments to crypto since you'll just live in debt. You could however take loan for other, safer investments.

We know the reason why we're doing this (investment), not the way we have to lose but for the reason to make money. If our mind is full of negative, it surely we will go nowhere. No, I don't think that all altcoins will have a zero market value int the future, only it happens to those altcoins that are buried dead already.
We better not look crypto as a dangerous kind of investment but rather to think that this is a great opportunity for everyone who wants to become profitable.

Topic: What are the dangers inside cryptocurrency investing - page 4. (Read 1478 times)